2026-01-21 11:23:46

Today’s short-term focus is on the key level of 89600. The current market signals are not yet clear enough, so we need to continue observing the development of the right-side trend.

If 89600 can break out with volume and reach a new high, the next resistance levels are 90700 and 91700. But frankly, this path is fraught with heavy resistance, and the risk-reward ratio is not very favorable, so chasing longs is not advisable.

Conversely, if 89600 cannot hold, the downside potential is quite significant. The previous low of 88000 becomes the first support, followed by 86700 and 84500 below. Overall, the cost-effectiveness of aggressively chasing longs is limited. Instead of risking a breakout, it’s better to wait until resistance levels are confirmed before shorting, which will provide a more solid risk-reward profile.

Strategy summary: For counter-trend movements, watch the right side; for trend-following movements, focus on the left side. Once clear signals are formed, follow up promptly.

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memecoin_therapy

· 3h ago

89600, this hurdle, to put it plainly, is just a trap for many Not chasing highs is the way to go; wait for the signal It dropped directly to 84500; this wave's space looks more comfortable

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DegenRecoveryGroup

· 4h ago

Speaking of which, this 89600 is really a frustrating level, feeling stuck with nowhere to go Wait for the signal, no need to rush, chasing blindly is just sending money away The downside potential is indeed large, shorting is a safer bet If the risk-reward ratio is poor, don't chase; that's basic common sense Wait for the resistance level to be confirmed before taking action, that's the right approach Observe and watch, don't get fooled into jumping in Short when the opportunity arises, don't operate impulsively If 89600 drops, that would be great. Are the short positions ready?

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Whale_Whisperer

· 4h ago

89600 is indeed a bit awkward. With so much pressure above and still chasing down, how much can one really endure? When the signal followers start making money, the chasing buyers begin to cut losses, and it's the same story again. Instead of fussing here, it's better to wait for a clear downward signal before shorting. The risk-reward ratio is truly more solid. The market is so stuck like this, there's really no point. Whether it's the left side or the right side, I'm just worried that another black swan might appear overnight.

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RugPullSurvivor

· 4h ago

89600 is really the key, but to be honest, chasing more isn't very meaningful --- The profit and loss ratio is a mess, let's wait for a signal before talking --- Instead of chasing breakouts, it's better to wait for a short position; I agree with this logic --- I need to study more about the right-side and left-side strategies --- With so much resistance, the bulls need to be really strong --- Shorting with a safer risk-reward ratio is more reliable; I like this approach --- 88000 is the support level I believe in --- Don't make reckless moves if the signals are unclear; there's nothing wrong with that --- Wait for the resistance level to be confirmed before going up, be cautious --- 91700 is so far away, haha

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